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BJP demands ED probe on SBS scam, wants MD dismissed

GANGTOK,: State BJP while demanding an ED probe on the alleged Rs. 69 crores scam at State Bank of Sikkim (SBS) has also sought the sacking of bank’s Managing Director (MD) Phurba Wangdi Bhutia for allegedly doubling up as a SKM worker.

Addressing a press meet here on Thursday, State BJP spokesperson Passang Sherpa said the Rs. 69 crores embezzlement happened due to the negligence of the “purported” MD of the SBS. He maintained that Phurba Wangdi had joined the SKM during the recent elections after “resigning” from government service and also gave a speech from the SKM political platform.

“Phurba Wangdi must clarify to the Sikkimese society whether he is the SBS MD or a SKM worker. People are confused, he is giving speeches in a political function and after elections, the same person is the MD of the State Bank of Sikkim. It was due to his carelessness that this scam happened in the SBS,” said the State BJP spokesperson.

Sherpa said that the SBS MD should be dismissed from government service immediately.

“He has no moral right to stay as the MD. He has already given speech from a political platform after joining the political party. How he became a government employee again immediately after the election, this is a huge question of the Sikkimese society,” said the State BJP spokesperson.

Passang also held Chief Minister PS Golay, who holds the Finance portfolio, and the State chief secretary, who is also the Finance secretary, accountable for the SBS scam. The Chief Minister and chief secretary, both of whom are looking after the Finance department, did not do their work properly leading to this scam in the SBS, he said.

“People have lost their faith on SBS due to scam…they are feeling insecure to deposit their money in the bank. The SBS has been developed as the biggest money laundering centre by the SKM and hence we demand an investigation by the ED, Gangtok division. Three SBS officials are made as sacrificial lambs. The ED must probe the aspects of political involvement and also the involvement of the MD as a party worker,” said the State BJP spokesperson.

Asked on whether the latest scam would strengthen voices for the SBS to be brought under RBI regulations, Sherpa said the State BJP is clear that the bank should remain protected under Article 371F.

“BJP is clear, as also committed in our election manifesto, that Article 371F must be fully implemented in Sikkim. All old laws of Sikkim are protected under Article 371F including the 1969 proclamation for establishing the SBS. We are clear that the bank must run as per the proclamation and Article 371F. There are no problems in the bank but the problems are created by the management and government leading to this situation. Our demand is that ED must investigate and take legal action against those involved. This will also strengthen and protect the bank,” he said.

 

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